IPG Photonics Corp Expects Q3 Revenue Of $300M-$330M Vs $358.89M Est, EPS $0.85-$1.15 Vs $1.32 Est
Portfolio Pulse from Benzinga Newsdesk
IPG Photonics Corp has projected its Q3 revenue to be between $300M-$330M, which is lower than the estimated $358.89M. The company also expects its EPS to be between $0.85-$1.15, lower than the estimated $1.32.
August 01, 2023 | 12:30 pm
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IPG Photonics Corp's lower than expected Q3 revenue and EPS projections may negatively impact its stock price.
IPG Photonics Corp's projected Q3 revenue and EPS are both lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
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